pamarquezpm2 pamarquezpm2

22-02-2021
Business

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A company has sales of $378,600 and its gross profit is $159,100. Its cost of goods sold equals:

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topeadeniran2 topeadeniran2

27-02-2021

Answer: $219500

Explanation:

The formula for the calculation of gross profit is the difference between the sales and the cost of goods sold. In this scenario, therefore, the cost of goods sold will be:

= Sales - Gross profit

= $378600 - $159100

= $219500

The cost of goods sold is $219500

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